TEHACHAPI, CA.- This Sunday, July 29th, Government Auction will present to bidders a cache of luxury and designer goods that includes coveted Cartier watches, diamond jewelry and rare gold coins. Many items are expected to sell for prices far below their retail value.

The event is structured as an absentee, phone and Internet auction, with Internet live bidding available through LiveAuctioneers.com. The first lot will cross the auction block at 9:30 a.m. Eastern time (6:30 a.m. local Pacific time).

Headliners in this sale were selected for their enduring and intrinsic values, with additional choice selections to suit every budget. The luxury merchandise on offer is in pristine condition, and some of the exclusive pre-owned timepieces are “satisfaction guaranteed.”

A large collection of diamond jewelry and loose diamond gemstones will be featured in this auction. The top diamond lot is a gorgeous 6.40-carat princess-cut diamond gemstone. The hefty stone is multifaceted with a cut grade of 9-excellent and has an estimated retail replacement value of $158,405.

"A loose diamond of this cut, clarity and size is a rare find in the retail environment," said auctioneer Jeff Moore. The diamond has been cataloged with a presale estimate of $79,203-$158,405.

A pre-owned classic women’s Cartier Panthere, circa 2000, is one of many deluxe Cartiers and Rolexes in Sunday’s auction. The watch is stainless steel with a white square face and Roman numerals. It is expected to sell for $2,250-$4,500.

Other quality timepieces include a men's yellow gold Rolex Perpetual Datejust President watch. This stunning example of Rolex's flawless design aesthetic features a gold face and band, and is estimated at $27,000-$54,000.

In addition to the plentiful array of luxury items, Government Auction has included an outstanding collection of gold coins. A 1908 $20 US Saint-Gaudens gold coin is also known as a “Double Eagle.” These rare coins were created by the famed sculptor Augustus Saint-Gaudens under commission from President Theodore Roosevelt. The President wanted a coin that was reminiscent of those used in Ancient Greece. The resulting Double Eagles were minted between 1907 and 1933, and are among the most collectible of all American coins. Government Auction has placed an estimate of $5,010-$10,020 on their example. Another gold coin to watch for is the 1875-CC $10 Liberty, PCGS genuine, cleaned, which is estimated at $14,100-$28,200.

For sports enthusiasts, a rare item of baseball memorabilia is going to be available: a 1966 Topps #50 Mickey Mantle baseball card. A legendary Hall of Famer, Mantle (1931-1995) is regarded as one of the most talented switch-hitters and greatest players in baseball history. He played in 20 All-Star games and 12 World Series. The card in Government Auction’s sale is graded PSM excellent-mint 6.5 and is estimated at $675-$1,350.

Additional auction highlights include a fully restored ‘Chrysler Plymouth’ kiddie pedal car, est. $2,250-$4,500, a circa-1931 Mills 5-cent War Eagle slot machine with keys, est. $5,100-$10,200; elegant Coach purses and more.

For additional information on any lot in the sale, call Debbie on 661-823-1543 or e-mail info@governmentauction.com.